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Walmart

Yield Sign on a Road

Last year, I posted about Wal-Mart’s aggressive stance on paying property taxes; not surprisingly, Wal-Mart isn’t a fan of paying property tax and has challenged a disproportionately high percentage of assessments for its stores (more than 2,100 property tax challenges nationwide). I titled the piece “Does Wal-Mart Want Your Kid To Read?

Flash forward to this weekend. I was desperately searching for canning jars (a little known fact about taxgirl: I enjoy gardening). I called around and found a store that purported to have Mason jars, so we piled into the car and headed out. Along the way, at Route 202 and Swedesford Road near Berwyn, we saw a sign advertising a new Wal-Mart. There is no Wal-Mart near our home, and quite frankly, I’ve never had need for one. But if anyone has canning jars, it would be Wal-Mart, and the location was convenient. So, we decided to give it a try.

We pulled into the parking lot only to discover that the Wal-Mart had not yet opened. As we were leaving, I happened to notice something peculiar painted on the pavement. In giant white letters, at one of the intersections in the lot, the word “YEILD” (sic) was carefully painted. And then again. At every yield in the lot, the word “YEILD” (sic) is painted in letters at least 12 inches tall.

Apparently, the folks that painted the drive never heard of the “i before e” rule.

Hmm. Perhaps Wal-Mart should reconsider its stance on funding local schools…

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Tops

July 15, 2007 · 0 comments

Fortune 500 has released its list of America’s largest corporations. They are:

1. Wal-Mart Stores
2. Exxon Mobil
3. General Motors
4. Chevron
5. ConocoPhillips
6. General Electric
7. Ford Motor
8. Citigroup
9. Bank of America
10. American International Group

I thought it would be cool to compare this list with the top ten corporate taxpayers in the US. Unfortunately, that list was a little more difficult to come by. I did find this list from Forbes in 2004. It’s still a pretty good apples to apples. Check it out (the number in parethesis represents the effective tax rate):

1. Exxon Mobil (34.4%)
2. Citigroup (31.1%)
3. ChevronTexaco (41.8%)
4. Altria Group (34.9%)
5. Wal-Mart Stores (36.1%)
6. Bank of America (31.8%)
7. Microsoft (32.1%)
8. General Electric (21.7%)
9. American International Group (30.7%)
10.Berkshire Hathaway (31.7%)

Any surprises?

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